3753 59 N 42nd St San Diego, CA 92105
Forty Second Street Apartments is a 5-unit apartment community with secure gated entry, communal courtyard, and separate gas and electric metering.
Property Features for 3753 59 N 42nd St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.17 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1937
Listing office Lee & Associates San Diego - Carlsbad (760) 929-7846
Listing date Jun 18, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
Located in the City Heights / Colina Del Sol submarket of San Diego, the property is described as being in the heart of City Heights. The area is noted for convenient access to major employment centers, shopping, dining, schools, and public transportation. The remarks also cite proximity to Interstate 15 and Interstate 805, along with access to Downtown San Diego, Mission Valley, North Park, Kensington, and Balboa Park.
For tenants and operators, the mix of studios, one-bedroom, two-bedroom, and four-bedroom/two-bath units can support a range of household needs within a centrally located multifamily setting. The presence of separate utility metering and gated on-site access are practical management features for an owner seeking straightforward operations in a multi-building format. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, rental projections, and all other material aspects of the property.
Key Highlights
- 5‑unit multifamily property at 3753–3759 42nd Street in San Diego, built in 1937
- Approx. 7,427 SF lot with three separate residential buildings totaling approx. 3,000 SF
- Unit mix includes four‑bedroom/2‑bath, two‑bedroom/1‑bath, one‑bedroom/1‑bath, and two studio units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $36.00 |
| − Vacancy | −$5.9k | −$1.98 |
| EGI | $102.1k | $34.02 |
| − OpEx | −$45.9k | −$15.31 |
| NOI | $56.1k | $18.71 |
